The maximum authorized number of trades would still apply, so even in a compromise, a malicious user can only create trades up to the previously authorized number
Liquidation penalty is defined as the penalty a borrower incurs as a result of liquidation. An optimal penalty for borrowers is one that is just enough to incentivize liquidators but without leading to cascading liquidations.
The tokenomics is as follows: 6M GMX allocated for XVIX and Gambit migration; 2M GMX paired with ETH for liquidity on copyright; 2M GMX set aside for vesting from Escrowed GMX rewards; 2M GMX tokens to the floor price fund; 1M GMX tokens designated for marketing, collaborations and community developers; 250K GMX tokens distributed to the team linearly over a 2-year period.
Barrier-free utilisation of advanced trading strategies. We will endeavour to equip users with access to various mainstream trading strategies and tools available in the market, while actively fostering a vibrant strategy development community.
High data accuracy: Data Streams provides reliable low-latency pricing data with high accuracy to benchmark exchanges, bolstering user confidence and protocol performance.
Once enabled, Gmail uses the Microsoft Exchange technology and ActiveSync protocol to form what's called Google Sync to keep your emails, calendar events, and contacts in sync between your online account and device.
The website also details GMX and GLP’s market capitalizations and highlights the project’s partnerships, integrations, and related community projects. It furthermore includes a documentation section, which provides information on the exchange’s various components, and suggests methods to bridge to Arbitrum or Avalanche, or to acquire GMX and GLP tokens. Thanks to its detailed dashboards, GMX gives off an impression of transparency. As a result, the protocol’s mechanisms are relatively simple to grasp.
(1) On GMX, you can use the maximum leverage of x30. To use leverage it is necessary to have collateral, GMX accepts any asset traded on GMX as collateral. In the image above, I take the example of a brother mortgaging the USDC.
If in this scenario more shorts are opened or longs are closed such that there are now more shorts than longs then the funding rate that longs pay shorts will gradually decrease until the difference between the long and short open interest is below a certain threshold.
To avoid this scenario, ADL (Automóvel-Deleveraging) may take place. When the pending profits exceed the market's configured threshold, profitable positions may be partially or fully closed. This helps to ensure that markets are always solvent and all profits at the time of closing can be fully paid.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
GMX in Escrow (esGMX): Stake GMX helps you to get esGMX, esGMX can be used in 2 ways: Keep betting to recover esGMX and ETH similar to GMX. Vesting to convert to GMX within 1 year. During the acquisition period, esGMX will not be charged an additional bonus.
The launch is notable because GMX is utilizing Chainlink Data Streams, which provide high-frequency market data using Chainlink’s infrastructure. Historically, Chainlink has lagged behind competitors like Pyth in providing high-frequency pricing data, resulting in a considerable loss of market share.
GMX token staking program offers holders an opportunity to earn passive income through their tokens. Holders can stake their GMX tokens and earn interests of over 10% APR (at the time of this writing) on Arbitrum https://gmxsol.pro/ one and Avalanche blockchain. 30% of the fees generated on the platform are used to reward stakers.